US Dollar Talking Points:
- Last week brought some key US drives into the mix with highlights of FOMC[1] and NFP. The net result was USD[2]-weakness as the currency remains near two-month-lows.
- This week’s economic calendar[3] has two high-impact USD events on the radar, and there are rate decisions out of Australia (later tonight) and the UK (Super Thursday).
- DailyFX Forecasts are published on a variety of markets such as Gold[4], the US Dollar[5] or the Euro[6] and are available from the DailyFX Trading Guides page[7]. If you’re looking to improve your trading approach, check out Traits of Successful Traders[8]. And if you’re looking for an introductory primer to the Forex market, check out our New to FX Guide[9].
US Dollar Grasps on to Support
The US Dollar has started this week with a support bounce[10] from the October lows showing around 97.14. This comes on the heels of a really big week for the Greenback as both FOMC and NFP brought some volatility into the mix, and this week’s economic calendar is quieter around USD with only a couple of high-impact releases set for this week. Tomorrow at 10AM ET brings services ISM and Friday brings U of Mich. Consumer Sentiment. Elsewhere on the calendar rate decisions out of Australia (later tonight) and the UK (Thursday) will likely garner considerable attention as both the Aussie[11] and the Pound[12] have been in workable trends of recent.
In the US Dollar[13], the big question is whether this support holds. The FOMC rate decision[14] last week was widely-inferred to have
